In the next few days, restaurants and shops such as Strange Taste Pavilion, Skillful Craftsman Pavilion, Inspection Treasure Pavilion, and Elegant Restaurant held several 'big promotions', causing the flow of people in Lantian County to reach a peak!
The local citizens of Lantian County had never seen the county so lively!
With the increase in the flow of people, the local restaurants and shops also benefited from it, and their business was booming!
On the other hand, the 'business' of Yanhuang Bank was also constantly rising. On the first day after the branch was established, they exchanged 100,000 Tang Yuan, and on the second day, 120,000 Tang Yuan … Now, they could make around 200,000 Tang Yuan in a day!
But on the other hand, the 'retention rate' of Tang Yuan was frighteningly low! Many merchants were 'forced' to allow customers to use Tang Yuan for transactions, but after they received the Tang Yuan, they would almost always bring the Tang Yuan to the bank and exchange it for copper coins on the same day or the next day!
There were only two reasons for this phenomenon. First, many people had dealt with copper coins their whole lives. They would only feel at ease when they received the copper coins, and would feel 'unsure' when they received the Tang Yuan. Second, when they went to other places to buy goods, under normal circumstances, the other party would not recognize the Tang Yuan, and they would still need the copper coins!
Ultimately, it was because the Tang Yuan did not have a legitimate copper coin, and could not be recognized by everyone in the world!
Now, most people only treated the Tang Yuan as a proof of copper coins, a medium, and not as a currency!
This was what Li Zexuan did not want to see. If the Tang Yuan could only be used as proof, and not as a currency, then all the effort he had put in to design and print the Tang Yuan, as well as the establishment of the Yanhuang Bank, would be meaningless!
Only when the Tang Yuan became a trustworthy currency that everyone believed, and could be directly circulated in the market, would the existence of the Yanhuang Bank have meaning and value! Otherwise, the current phenomenon of 'immediately exchanging Tang Yuan for copper coins upon receiving the Tang Yuan' was no different from some countries going bankrupt, and their currency being run by the people in the country.
What he wanted was a modern bank, and not a simple proof of concept institution!
However, there was a good thing now, and that was that the Tang Yuan's influence was growing. The number of people who knew about the Tang Yuan was also increasing! As long as he could become famous, then the rest would be easy!
…
That day, morning court, Taiji Palace.
"… Your Majesty, a few days ago, something called Tang Yuan appeared on Cloud Mountain. It can be used as copper coins to buy food and clothing. Recently, Tang Yuan has spread to Lantian County. It can be said that it is extremely popular. It is said that all the shops, restaurants, and inns in Lantian County can now use Tang Yuan to pay their bills!
I personally went to the Yanhuang Bank in Lantian County to exchange for a few Tang Yuan notes. I realized that they are very exquisite and are easier to carry around than copper coins. It will save a lot of time and effort when used for daily transactions! This old subject believes that Tang Yuan has a lot of merits. Perhaps the imperial court can also use Tang Yuan to replace the copper coins! "
Within the Taiji Palace, the Minister of Revenue, Xiao Yu, actually mentioned Tang Yuan of the Yan Huang Bank during the morning court assembly.
As soon as he finished speaking, the rest of the officials in the court began to whisper among themselves. Obviously, they had more or less heard some news about Tang Yuan these days.
Zhangsun Wuji's closed eyes suddenly opened. He looked at Xiao Yu with some surprise. He was thinking about how to tell Li Er about the Yan Huang Bank and Tang Yuan. After all, he had shares of the Yan Huang Bank. He did not expect Xiao Yu to be one step ahead of him and mention this issue. This had unknowingly helped Zhangsun Wuji a lot!
Li Er, who was sitting at the head of the table, was silent for a moment before he said, "I already know about the Tang Yuan and the Yan Huang Bank. However, when it comes to the Tang Dynasty's currency, the decision must be made carefully! As for using Tang Yuan to replace the copper coins, what do all of you think? "
"Your Majesty! This old subject objects! "
Fang Xuanling stepped out from the crowd and clasped his hands. "Just as Your Majesty said, when it comes to the Tang Dynasty's currency, it is definitely not a small matter! Firstly, the right to make the coins must be in the hands of the imperial court!
According to what this subject knows, Tang Yuan was printed by the Marquis of Yong 'an using a special paper and a special printing method. If the imperial court wants to make Tang Yuan to replace the copper coins, it will not be easy!
On the other hand, even if the imperial court has the method of printing Tang Yuan, since the method came from the Marquis of Yong 'an, then the Marquis of Yong' an will always use this method. When the time comes, it will inevitably cause criticism! "
Logically speaking, Fang Xuanling did not have any enmity with Li Zexuan. The reason why he jumped out to object now was because he did not want Li Zexuan to be attacked and criticized by the officials in the court!
Zhangsun Wuji frowned. Although he had the intention to use Tang Yuan in more places, he had to admit that Fang Xuanling's words made sense.
Li Er frowned and did not speak.
At this moment, Cheng Yaojin jumped out and said, "Your Majesty, although Xuanling's words make sense, what is the saying again? Oh, you can't not eat because you are afraid of choking, right? Since Tang Yuan is more convenient than copper coins, then let's use it? If there is a problem, then let's think of a way to solve it? Although I, Old Cheng, am a boor, I understand that we should use whatever is convenient! "
Hearing the first half of his sentence, the crowd could not help but want to laugh. However, after listening to the rest, most of the officials could not help but ponder.
Li Er's eyes lit up as he nodded and praised, "Your words are crude but not crude! I will carefully consider the matter of Tang Yuan. There is no need to discuss it today! "
"Your Majesty!"
…
"Go and summon Li Zexuan to see me!"
After lunch, Li Er returned to Ganlu Hall to review the memorials. Just as he picked up his pen, he suddenly ordered Zhao Song who was behind him.
"Understood!"
Zhao Song's heart skipped a beat as he cupped his hands and replied.
More than half an hour later, Yun Shan, Yanhuang College.
After hearing Zhao Song's order to summon him, Li Zexuan hurriedly returned to the courtyard to change his clothes. He rode a fast horse and rushed to Chang 'an with Zhao Song!
He was secretly delighted. Old Li finally could not hold back. Looks like Tang Yuan and the bank are finally going to cross that hurdle!
"Your Majesty! The Marquis of Yong 'an is here! "
"Summon!"
In Taiji Palace, Li Zexuan heard the summons and walked in from outside the palace.
After a round of greetings, Li Er went straight to the point and asked, "Marquis Yong 'an, what do you think of Tang Yuan? What do you think of Yanhuang Bank? "
When Li Zexuan heard this, he almost vomited blood. If this became Li Er's catchphrase, then there would be no more "What do you think of Yuanfang". It would be replaced by "What do you think of Marquis Yong 'an?"
When he thought of this, Li Zexuan could not help but shudder. Old Li, please don't do this!
…
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